"The persistent low numbers for Latinos is bad for business. Companies and boards have a Latino blindspot. There are thousands of qualified Latinos. There is simply no excuse." Esther Aguilera LCDA President and CEO
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Racial and ethnic minorities now hold a fifth of board seats at Russell 3000 (RUA) companies, up from 12% in 2019, but remain underrepresented, data from ISS Corporate Solutions on Tuesday showed.
LCDA Member, Marta Newhart, a Mexican-American and former brand chief of Westinghouse Electric who is active in the Latino Corporate Directors Association, said the figures show companies should work harder to attract more diverse directors who can help them serve broad customer bases.
Compared to Hispanics' total share of the U.S. population, their 3.6% share of board seats "isn't anywhere near where it's supposed to be," she said. >READ MORE |